DigiByte 极特币 (DGB) is a rapidly growing worldwide decentralized payment network & digital currency, inspired by Bitcoin. DigiByte allows you to move money over the internet similar to PayPal & Western Union but with many improvements, including lightning fast transactions with minimal or no fees. You send & receive DigiBytes to or from any DigiByte address in the world in a matter of seconds with no required sign up, registration, or hidden fees.

Mission statement

The mission of DigiByte is to bring the benefits of digital currency payment technology to merchants, consumers, & mainstream societies across the globe in the most easy to understand way possible.

Vission statement

We envision DigiByte becoming a decentralized payment network & digital currency used by millions of people across the planet to quickly & easily buy and sell good & services over the internet, in store, or person-to-person with little to no fees.

Core pillars

Absolute Security: Our number one priority will now and forever be network and user security.

Worldwide Decentralization: Keep the network open, transparent and accessible at all times.

Ease of Use: Allow anyone to use and benefit from DigiByte in an easy to understand manner.

Flexible Innovation: Quickly improve, adapt and innovate as new technology and threats arise.

Key terms

DigiByte: Refers to the entire DigiByte network or a single monetary unit on the payment network. 21 billion DigiBytes will be created over 21 years.

Block: A grouping of all transactions sent over the DigiByte network within a 30 second time frame. Think of a block as an excel spreadsheet that lists the address location of all DigiBytes at a given point in time in history. New DigiBytes are brought into circulation as each block is discovered on the network through a process called mining.

Mining: Mining is how transactions are processed on the network. Anyone can become a miner by donating and using their desktop, laptop or mobile phone computing power to help process transactions on the DigiByte network. DigiByte has made this process even easier with our 3 click mining software for beginners.

Blockchain: The DigiByte blockchain is the entire history of all blocks discovered on the network & therefore all transactions made on the network. Each block references the proceeding block all the way back to the beginning of the network to what is known as the genesis block. By linking blocks (spreadsheets) together an accurate, secure accounting of all up to date DigiByte ownership is made by decentralized consensus.

Speed: DigiByte transaction notifications occur in 1-3 seconds, blocks are discovered every thirty seconds and transactions are fully confirmed every 3 minutes. Future planned upgrades will make these times even faster.

Fees: Most DigiByte to DigiByte transactions are free or carry a very small network-mining fee to incentivize people to mine.

Worldwide: DigiBytes are already stored, traded and transacted in over 89 countries.

Decentralization: There is no need for a middleman or third party or central server.

Re-Spend: Send DigiBytes you received to someone else in as little as three minutes.

Finite Production: New DigiBytes are added to the network every thirty seconds through a process called mining as each new block (or grouping of transactions in a spreadsheet like format) is discovered by the network.

Scarcity: 21 Billion DigiBytes will be created in 21 years.

1% Monthly New Minting Reduction: New DigiByte production decreases 1% every month.

Future DigiByte upgrades will push transaction limit to several thousand per second.

Marketability & Usability: DigiByte is an easy brand to market to consumers.

Send 5 DigiBytes instead of 0.005 Bitcoin.

DigiByte Core v4.0.3 Wallets & Source

DigiByte Mobile Wallets

DigiByte Info Kit

Share This PDF With Everyone You Know Who Can Benefit From DigiByte

Meet The Founder Jared

DigiByte uses five independent mining algorithms to process transactions over the network. Each algorithm accounts for about 20% of all blocks discovered on the network. This allows for greater decentralization as currently three of the five DigiByte algorithms are ASIC resistant and much better for GPU miners. The best GPU algorithms to mine on are Skein, Groestl and Qubit. It is still possible (but not recommended) to mine all five algorithms with a CPU.

SHA256 is heavily dominated by used Bitcoin ASICS as DigiByte provides an attractive market to miners who can no longer competitively mine Bitcoin with their used ASICS. Scrypt is now becoming more dominated by ASICs, however it is still possible to GPU mine a few DigiBytes each day.

The DigiByte Team is pleased to announce the opening of two new companies and offices representing their full suite of products & services: DigiPay LLC of Santa Monica, California and Hong Kong. With a private investment made for USD $250,000, the DigiByte Team now has the financial backing to build software and services around the DigiByte core protocol and bring DigiByte further into the digital and real world markets.

Through a strategic partnership & shared office with Tofugear Limited of Hong Kong, the DigiByte Team has now expanded to developing solutions in a global operation, to meet the ever-changing demands of the consumer. In collaboration with Tofugear Limited’s strategic retail, wholesale and technical development partnerships, the DigiByte core protocol is currently being developed into a range of solutions that will revolutionize the consumer’s daily life.

Digibyte & Tofugear omnichannel platform at House of Blue jeans

Click image to watch the video

DigiByte Timeline

2009 - 2012: The initial design & development for an open source decentralized cryptocurrency known as Bitcoin is created by an anonymous programmer using the name Satoshi Nakamoto.

November 2013: Jared decides to improve upon Bitcoin’s codebase with a brand new digital currency & payment network named DigiByte and begins development.

January 10th, 2014, 12 PM MST: DigiByte officially launches with much success and user participation from around the globe.

February 28th, 2014: DigiShield hardfork at block 67,200. DigiByte developers in response to multi-pool attacks test and develop an asymmetrical difficulty adjustment system named DigiShield. DigiShield is quickly adopted & implemented by many other digital currencies including Dogecoin. Many digital currencies still use & apply parts of DigiShield codebase.

April 8th, 2014: DigiByte attends, gives a professional presentation & has a booth at the first ever cryptocurrency convention in New York City. Watch Video Here

May 9th, 2014: DigiByte mentioned live on CNBC for the first time. Watch Video Here

May - August 2014: DigiByte team meets with several potential investors & strategic partners.

September 1st, 2014: MultiAlgo hardfork at block 145,000. DigiByte plans & successfully deploys its second hardfork to allow miners to mine on five independent mining algorithms & is the first digital currency to make such a move.

November 29th, 2014: DigiByte officially announces a $250,000 private investment to build services around the DigiByte network as well as a strategic collaboration with Tofugear Ltd of Hong Kong and a new office presence in Hong Kong. Read Announcement Here

December 10th, 2014: MultiShield hardfork at block 400,000. DigiByte deploys & executes its third hard fork to improve network performance alongside a reward reduction to extend DigiByte production to 21 years.

No more premine as it was given away to users & charity and used for initial development as stated from the beginning until outside funding was received.

Why did DigiByte switch to Multi-Algo mining?

1) To update DigiShield and speed the blockchain back up to normal.2) It is the most fair POW mining option out there (embraces ASICs & GPU miners alike on an even playing field).3) More secure than a single POW mining scheme (much harder to 51% attack).4) Speed block timing up to 30 seconds to facilitate faster merchant transactions (ties in with DigiPay LLC development).5) Tap into used Bitcoin ASIC miners market. (Use those old ASICS to help secure the DGB blockchain)

Once multi-algo mining kicks in you need one of these settings in your .conf to solo mine whichever algo you choose:

Code:

algo=scryptalgo=sha256dalgo=groestlalgo=qubitalgo=skein

Pre-Mine Details:

52.5 million DGB for giveaways over first two months to encourage adoption of DGB.

Giveaway address will be publicly posted on website with a public record of all transactions in the block chain.

52.5 million DGB for development expenses to further DigiByte and help it become a mainstream currency.

Development account address will be publicly posted on website with a public record of all transactions in the block chain.

Our goal is to be transparent and accountable with the 0.5% pre-mine to ensure a bright future for DigiByte.

Pre-Mine Accounts:

Giveaway Account: DFsSa6kVoCyHK8ryZYDNX2fi5294kSuH2Q

Initial Balance: 52,500,000.00 DGB

Current Balance: 0 DGB

Development Account: DQkqGjRqyfsmzFQ27tPK2PNJe7gPZUVm1U

Initial Balance: 52,596,000.00 DGB

Current Balance: 0 DGB

**Note: After the first 6 days of DigiByte's life over 44,105,165.259 million DigiBytes were dispersed from the giveaway account to merchants, developers, users and more in over 1500 Transactions to DigiByte Addresses!

premined coin it's better get away from this coin , no future but only waste our time.

Half of the pre-mine is for giveaways in the first two months to encourage early adoption. The second half is for development into the future. Both the Giveaway address & Development address will be publicly posted on the website with a record of transactions and their purpose. Our goal is to be transparent and open.

premined coin it's better get away from this coin , no future but only waste our time.

Would you rather the biggest wallet be the dev team so they actually have a motive for the coin to succeed or the lame megafarmer who will dump it at first possibility?

Its not motivation for the devs if they 'give it all away' like they say theyre going to though is it...Only we know that wont happen. If theyre not motivated by success people shouldnt be making coins in the first place either.Let the community develop for the coin and pay for things developing - if its worth a dime let it grow organically.

premined coin it's better get away from this coin , no future but only waste our time.

Would you rather the biggest wallet be the dev team so they actually have a motive for the coin to succeed or the lame megafarmer who will dump it at first possibility?

Its not motivation for the devs if they 'give it all away' like they say theyre going to though is it...Only we know that wont happen. If theyre not motivated by success people shouldnt be making coins in the first place either.Let the community develop for the coin and pay for things developing - if its worth a dime let it grow organically.

We plan on giving half of the pre-mine away over the course of several giveaways and promotions. When you give away 25,000 coins the person is required to download the wallet before hand. By doing this we hope to get several thousand wallet downloads in the first month. This will help bring adoption and stability to the coin and a more fair disbursement of coins for long-term success.

premined coin it's better get away from this coin , no future but only waste our time.

Would you rather the biggest wallet be the dev team so they actually have a motive for the coin to succeed or the lame megafarmer who will dump it at first possibility?

Its not motivation for the devs if they 'give it all away' like they say theyre going to though is it...Only we know that wont happen. If theyre not motivated by success people shouldnt be making coins in the first place either.Let the community develop for the coin and pay for things developing - if its worth a dime let it grow organically.

We plan on giving half of the pre-mine away over the course of several giveaways and promotions. When you give away 25,000 coins the person is required to download the wallet before hand. By doing this we hope to get several thousand wallet downloads in the first month. This will help bring adoption and stability to the coin and a more fair disbursement of coins for long-term success.

Yeah but you didnt premine 25k coins or 100k coins you premined fucking 105 million coins. How many users there will be interested in this coin at the beggining? 200-500 max? So with the quantity you premined you'll have to give them 200-400k coins per user you think this will happen? Of course not you will giveaway 5m~ coins max and keep the other 100m for yourself to dump them when they come on the first exchange you find and make a 10btc profit for free. Im tired of premined scamcoins I dont get why they are allowed in the first place.

premined coin it's better get away from this coin , no future but only waste our time.

Would you rather the biggest wallet be the dev team so they actually have a motive for the coin to succeed or the lame megafarmer who will dump it at first possibility?

Its not motivation for the devs if they 'give it all away' like they say theyre going to though is it...Only we know that wont happen. If theyre not motivated by success people shouldnt be making coins in the first place either.Let the community develop for the coin and pay for things developing - if its worth a dime let it grow organically.

We plan on giving half of the pre-mine away over the course of several giveaways and promotions. When you give away 25,000 coins the person is required to download the wallet before hand. By doing this we hope to get several thousand wallet downloads in the first month. This will help bring adoption and stability to the coin and a more fair disbursement of coins for long-term success.

Yeah but you didnt premine 25k coins or 100k coins you premined fucking 105 million coins. How many users there will be interested in this coin at the beggining? 200-500 max? So with the quantity you premined you'll have to give them 200-400k coins per user you think this will happen? Of course not you will giveaway 5m~ coins max and keep the other 100m for yourself to dump them when they come on the first exchange you find and make a 10btc profit for free. Im tired of premined scamcoins I dont get why they are allowed in the first place.

You are entitled to your opinion but this is not our ambition. We will publicly post and there will be a record of when and where we give away half the premine. Giveaways create coin adoption. We have been working on this project for over a month now and are in it for the long haul.

1) Release compiled wallets and source at launch2) People can start solo mining3) Zero reward for the first 100 blocks3) It is built into the wallet to not accept more than 500 kh/s during the first 5000 blocks - obfuscate the limitation in the code a little, so it is not trivial one minute job to remove the limit - the limit could also be gradually removed instead all at once on 5000th block - mega farmers will of course try to circumvent this, but at least it will take a little time to setup multiple wallets4) During the first 5000 blocks pools have enough time to set up, and will automatically start to operate normally after 5000th block

If you choose to take the standard route, expect WTS 10,000,000 for 0.5 BTC offers within 1 hour of the launch and small time miners having 1,000 at that point going ok good bye another coin raped.